SUBSCRIBER NOTE: Platts begins publishing OSP for Nigeria's Egina crude oil

S&P Global Platts has begun publishing the official selling price for Nigeria's Egina crude grade, effective Wednesday, May 1, 2019.

Platts will publish the OSP as both a differential and an outright value on a monthly basis as received from the Nigerian National Petroleum Corporation.

A proposal note was published March 15 and is available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/031519-pl atts-proposes-publication-of-egina-crude-oil-osp.

A decision note was published April 1 and is available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/040119-pl atts-to-publish-egina-crude-oil-osp.

These new prices will be published along with Platts existing Nigerian OSPs on Platts Global Alert page 1065 and in the Platts pricing database under the below codes:

Assessment Code Egina OSP (Nigeria) AEOAA00 Egina OSP vs Dated Brent AEOAB00

Production of Egina began in late December 2018, with the first cargoes available for export from January.

The crude, expected to become one of Nigeria's largest export grades, is heavy and sweet in quality with an API of 27.3 degrees and a sulfur content of 0.165. It is also low acid, with a TAN of 0.24.

Please send all questions and comments to europe_crude@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.